Scholarly record
LONG-TERM COMPARATIVE ANALYSIS OF PUBLIC FINANCES IN POLAND AND SLOVAKIA IN 2000 2018
Abstract
The subject of the paper is an analysis of the situation in public finances in Poland and Slovakia in 2000-2018. The authors formulated three research questions: 1) What was the budgetary situation and the level of public debt in both countries in the pre-accession period, in particular in the years of economic slowdown 2001-2003; 2) What were the results of public finance consolidation after the EU accession, in the period of economic prosperity 2004-2007; 3) What was the scale of the deterioration in public finances in Poland and Slovakia caused by the financial and economic crisis of 2008-2009 and the effects of post-crisis consolidation. The analysis shows that the initial situation (pre-accession period) in public finances was better in Poland. In the period of economic prosperity 2004-2007, Poland had relaxed budgetary discipline. The 2008-2009 crisis contributed more to the increase in the budget deficit and public debt in Slovakia. The process of post-crisis consolidation is faster in Slovakia.
Publication Impact Profile
Publication details
References8
Alesina A., Perotti R., Fiscal Adjustment in OECD Countries: Composition and Macroeconomic Effects, NBER Working Paper, no 5730, August 1996.
Ameco, Macro-economic database, European Commission's Directorate General for Economic and Financial Affairs, http://ec.europa.eu/economy_finance/ameco/user /serie/SelectSerie.cfm, August 2018.
Blanchard O., Makroekonomia, Walters Kluwer Polska, Warszawa 2011.
Hagen J. van, Hallett A.H., Strauch R., Budgetary consolidation in EMU, European Economy. Economic Papers, No 148, March 2001.
International Monetary Fund, World Economic Outlook Database, April 2018, https://www.imf.org
Mucha-Leszko B., Wzrost gospodarczy i proces konwergencji Polski i Słowacji w warunkach członkostwa w Unii Europejskiej, Nierówności Społeczne a Wzrost Gospodarczy, no 50 (2/2017).
OECD, Economic Survey Poland, vol. 2010/8, p. 36.
Pisani-Ferry J., Aghion P., Belka M., Hagen J. van, Heikensten L., Sapir A., Coming of age: Report of the euro area, Bruegel Blueprint Series, vol. IV, 2008, p. 34.
View or Download full articleAccess options
SWS access login
Login as SWS Scientific CommitteeLogin as SWS Scientific PartnerLogin as SWS AuthorAuthors and approved SWS contributors will read and export their own linked papers after identity matching by SWS profile, email and SGEM GlobalID.
For librarian assistance: [email protected]
Purchase Instant Access
- Article can be downloaded after successful payment.
- Article may be used according to SWS library access terms.
- Article cannot be redistributed.
